Matthew Demchyk Sells 17,617 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Matthew Demchyk sold 17,617 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.40, for a total value of $870,279.80. Following the sale, the senior vice president now owns 54,140 shares of the company’s stock, valued at approximately $2,674,516. The trade was a 24.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Matthew Demchyk also recently made the following trade(s):

• On Tuesday, January 21st, Matthew Demchyk sold 10,474 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $48.62, for a total transaction of $509,245.88.
• On Thursday, January 2nd, Matthew Demchyk sold 1,149 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $47.80, for a total transaction of $54,922.20.

Gaming and Leisure Properties Price Performance

Shares of GLPI traded down $0.43 during trading hours on Wednesday, reaching $48.48. The company had a trading volume of 44,355 shares, compared to its average volume of 983,687. The company has a market capitalization of $13.30 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 1.96 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60. The firm has a 50 day simple moving average of $48.85 and a 200-day simple moving average of $49.81. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.27%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio is currently 106.29%.

Analysts Set New Price Targets

Several research firms have commented on GLPI. Barclays began coverage on Gaming and Leisure Properties in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $54.53 price target on the stock. Morgan Stanley downgraded shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price target for the company. in a research report on Wednesday, January 15th. StockNews.com downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Stifel Nicolaus upped their target price on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Scotiabank lowered their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and an average target price of $53.93.

Institutional Trading of Gaming and Leisure Properties

A number of institutional investors have recently bought and sold shares of GLPI. Opal Wealth Advisors LLC raised its position in shares of Gaming and Leisure Properties by 4.9% during the 4th quarter. Opal Wealth Advisors LLC now owns 5,082 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 238 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Gaming and Leisure Properties by 35.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 26,130 shares of the real estate investment trust’s stock valued at $1,258,000 after acquiring an additional 6,896 shares in the last quarter. Lecap Asset Management Ltd. boosted its stake in shares of Gaming and Leisure Properties by 32.0% during the fourth quarter. Lecap Asset Management Ltd. now owns 26,105 shares of the real estate investment trust’s stock valued at $1,257,000 after acquiring an additional 6,333 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Gaming and Leisure Properties by 4.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,064 shares of the real estate investment trust’s stock worth $3,760,000 after purchasing an additional 3,630 shares in the last quarter. Finally, Financial Advocates Investment Management raised its stake in Gaming and Leisure Properties by 9.5% in the 4th quarter. Financial Advocates Investment Management now owns 9,522 shares of the real estate investment trust’s stock valued at $459,000 after purchasing an additional 830 shares during the last quarter. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.